News
New Features for Bit Trade Customers
Thursday, September 10, 2020

Dear Bit Trade Customers,

We would like to inform you that a scheduled update will be carried out tomorrow, on September 11, 2020.

In this connection, Bit Trade services may be unavailable for 7 hours starting from 9:30 (UTC+3) on September 11. If you have any questions in this period, you can contact our Customer Support by sending an email to [email protected].

We are going to add new tools and improve the existing ones as part of this update to provide high-quality services and optimal conditions of conducting activities with Bit Trade.

An updated interface of the website and the following features will be provided tomorrow:

  • Receiving the information about the conditions of buying and selling Bitbons, undergoing quick registration on the Bit Trade website on the “Exchange” external webpage that, from now on, will be the homepage.
  • Logging in to the Bit Trade account using the “Log In” button at the top of the website menu.
  • Learning the relevant information about the available currencies that can be used to buy or sell Bitbons in the added “Multi-Currency Account” section that you can visit from the “Features” page in the website main menu.

In addition, one more method of quick purchase, namely using a voucher, will be added to easily purchase Bitbons. Each Affiliate Program participant will be able to create a voucher by themselves without commission using any of the currencies provided by the Bit Trade service. You can create a voucher in the “Affiliate” section (“Create Voucher” tab) in your Bit Trade account.

You can learn more about the voucher and terms of its use in the Affiliate Program Terms and Conditions starting from September 11, 2020.

We also would like to inform you that as a result of this update, funds withdrawal from the Main Balance will be processed automatically without being processed by the Finance Department of the Company.

Tomorrow, on September 11, 2020, you will be able to make funds withdrawals from the Main Balance that will be processed automatically with such payment systems as Payeer and Advanced Cash. The withdrawal will be processed automatically only if the withdrawal amount does not exceed the limits set for each of the currencies (100 USD, 100 EUR, 2,500 UAH, 6,500 RUB, 40,000 KZT), and the total amount of withdrawal funds does not exceed 250 USD, 250 EUR, 6,500 UAH, 15,000 RUB, 100,000 KZT within 24 hours.

In addition, the commission rate for funds withdrawal from the Main Balance using Payeer and Advanced Cash will change starting from tomorrow. Thus, the commission rate will be 0.95% of the withdrawal amount from September 11, 2020.

We are confident that additional features that will be available after this update will make using the Bit Trade services even more convenient.

Upcoming Bit Trade Updates
Wednesday, August 05, 2020

Dear Bit Trade Customers,

The Bit Trade service is developing and being expanded with new tools that provide Bitbon System Participants with even more opportunities and advantages, which results in the following updates:

Voucher — a convenient tool for Affiliate Program participants

In September 2020, Affiliate Program participants will be able to create vouchers of any nominal value, which does not exceed the amount of funds available in the Main Balance and is expressed in fiat money (US dollar (USD), euro (EUR), Ukrainian hryvnia (UAH), Russian ruble (RUB) and Kazakhstan tenge (KZT)), to quickly and easily purchase Bitbons through Quickbot using these vouchers.

Offer from Bit Trade — a change in the Bonus amount

Please note that the amount of additional Bonus paid as part of the current Offer from the Bit Trade service when purchasing Bitbons will change from August 8, 2020 and will be:

10% — from August 8, 2020 to September 1, 2020;

5% — from September 2, 2020 to October 2, 2020.

Therefore, this favorable Offer from Bit Trade will be valid until October 2, 2020. You still have a chance to get your Bonus in accordance with the above-mentioned periods!

Interkassa — adding a payment system for Bit Trade Customers

A new payment service — Interkassa — will be added in September 2020 that will allow Bit Trade Customers to deposit funds into the Main Balance and withdraw them in EUR or USD.

Bit Trade Accelerator — an innovative service for Bitbon liquidity boost

We would also like to inform you that we are planning to launch a unique service — Bit Trade Accelerator (BTA) — during the first ten days of October 2020 aimed to dramatically and significantly enhance demand for purchasing Bitbons.

Dear Customers, we are convinced that you will take advantage of these updates in proper time and as favorably as possible. We will inform you about the precise dates of the announced updates in our news publications.

Favorable Conditions for Purchasing Bitbons in Connection With the Start of Community PoS Mining
Thursday, July 16, 2020

Dear Bit Trade Customers,

As you know, yesterday, on July 15, 2020, we launched Consensus building mining in the Bitbon System and started the first mining cycle (three mining periods) during which, i.e. on July 21, Miners will get their first remuneration.

Over the last weeks of preparation for the start of mining, a lot of Customers contacted the Customer Support requesting to extend the additional Offer in order to increase the base power of Assetboxes connected to mining at the time of transition to the main mining period, since remuneration for participating in mining directly depends on the number of Bitbon accounting units available in the Assetbox connected to mining in the beginning of the mining period.

Understanding how important it is to support Customers when they begin their activity as Miners and taking their suggestions into account, the Company has decided to resume the additional Offer, which would allow purchasing more Bitbons on favorable terms. Therefore, Bitbon System Participants will be able to significantly increase individual power of their Assetboxes to receive greater income for participating in Consensus building mining.

Therefore, starting from today, you have a unique opportunity to receive additional income — a 15% fixed Bonus — of any number of purchased Bitbons.

Please note that the Offer is valid for a limited time until August 7, 2020.

We would like to recommend you the updated Opportunity page where you can find more information about this Offer including the timer showing time remaining until the end of the Offer.

In addition, the Bonus will be paid automatically within a few days after the end of the Offer if you comply with all the terms and conditions of the Offer, in particular keep the purchased Bitbons in your Assetboxes until the end of the Offer from Bit Trade.

You can learn the terms and conditions of this Offer and rules of the remuneration accrual in detail in the Additional Offer Terms and Conditions.

Multi-Currency — New Features for Bit Trade Customers
Monday, July 06, 2020

Dear Bit Trade Customers,

We would like to inform you that we will conduct a scheduled update of the Bit Trade website tomorrow, on June 7, 2020.

Therefore, the website may be temporarily unavailable for 7 hours from 9:00 (UTC+3) on June 7. If you have any questions in this period, you can contact our Customer Support by sending an email to [email protected].

After this update, you will be able to buy and sell the Bitbon digital asset not only for US dollars (USD), but also for euros (EUR), Ukrainian hryvnias (UAH), Russian rubles (RUB) and Kazakhstan tenges (KZT).

In addition, the updated website will include a new Payeer payment system (you can learn about its advantages by following the link https://payeer.com/en/fees/) and other features that will allow you to trade seamlessly through Bit Trade.

Therefore, tomorrow each Bit Trade Customer will get access to the following features:

1. Depositing and withdrawing any of the available currencies into/from their Main Balances using the following payment systems:

  • Advanced Cash — depositing and withdrawing (USD, EUR, RUB, KZT, UAH).
    Please note that 1% commission for withdrawing funds using this payment aggregator will be canceled after this update..
  • Payment order (invoice) — depositing (USD and EUR).
  • Payeer — depositing and withdrawing (USD, RUB and EUR).

2. Managing the Main Balance and Trading Account in Bitbons and in all currencies available on the Bit Trade website due to the updated interface of the “Finances” page.

3. Buying and selling the Bitbon digital asset with any of available currencies using quick purchase, including the Quickbot service, for the following trading instruments: BITBON/USD, BITBON/EUR, BITBON/UAH, BITBON/RUB, BITBON/KZT.

Moreover, the updated “Exchange” page will contain separate order book, active orders and order history components for each trading instrument.

Following the transparency and openness policy, we are making the order history (“Executed Sell Orders” and “Executed Buy Orders”) available to all Customers on the “Exchange” external webpage, which will allow you to view the executed buy and sell transactions on the Bit Trade website over the last 90 days.

In addition, we would like to inform you that after the update, the Affiliate Program participants will receive remuneration in the currency they purchased Bitbons for, i.e. in US dollars, euros, Ukrainian hryvnias, Russian rubles or Kazakhstan tenges.

You can find the detailed information about the updated terms and conditions of the Affiliate Program in the Affiliate Program Terms and Conditions.

Please note that after the services of Bit Trade are updated, and the multi-currency feature is added, all limit orders for BITBON/USD placed before will be cancelled, and the amount of funds specified in these orders will be returned to Customers’ Trading Accounts. Then, Bit Trade Customers and Partners will be able to place orders using all available trading instruments.

We would also like to remind you that missing connections in the mining pool will be created from July 8 to July 14 as part of the preparation period for the launch of Consensus building mining. The “Mining” button next to each Assetbox in your Bit Trade account will become unavailable.

Preparing for the Start of Mining and Creation of Social Connections of the Initial Mining Pool
Tuesday, June 02, 2020

Dear Customers of the Bit Trade Exchange of Digital Assets,

We would like to inform you that from June 3 to June 27, 2020, during the preparation period of the start of mining and creation of social connections of the initial mining pool, the Bit Trade Exchange of Digital Assets will provide its Customers with an opportunity to connect their Assetboxes to Consensus building mining in accordance with the structure based on affiliate programs.

The preparation period will be divided into two stages:

  1. The first stage (approximately from June 3 to June 20) will be held by initiating a connection of one of the Assetboxes to mining by participants in affiliate programs as part of the creation of social connections.
    The “Bitbon Assets” section (“My Assetboxes” tab) of the Bit Trade account of each participant in affiliate programs will contain the “Mining” button that will allow them to connect one of the Assetboxes to the mining pool. This button will be available only during the preparation period.
  2. The second stage (approximately from June 21 to June 27) will be held as part of the automatic creation of missing connections in the mining pool.

To connect to mining, you need to take the following steps:

  • Log in to the Bit Trade account (select the “My Assetboxes” tab in the “Bitbon Assets” section).
  • Select an Assetbox you want to connect to mining and click on the “Mining” button next to the selected Assetbox.
    Please note that you can select and connect only one of the Assetboxes available in your Bit Trade account to mining during the preparation period.
  • Enter your BTSC and click on the “Connect” button.
  • As soon as all connections are created in the mining pool that you are connecting to, 0.0001 Bitbons will be automatically transferred from your Assetbox to the Assetbox to which you have initiated the connection; therefore, the connection of your Assetbox to the mining pool will be completed.

After you click on the “Connect” button, you will be able to monitor the current status of connection of the selected Assetbox to the mining pool in the “Bitbon Assets” section (“My Assetboxes” tab) of your Bit Trade account at any time:

The “Red Dynamic Clock” button will show that your Assetbox is being connected, but a Bitbon System User whose mining pool you are connecting to has not initiated the connection. If this User does not initiate the connection during the first stage of the preparation period, your Assetbox will be connected to an Assetbox, which is higher in the hierarchy.

The “Green Dynamic Clock” button will show that your Assetbox and the Assetbox the mining pool of which you are connecting to are being connected to the mining pool. As soon as all connections are created in this mining pool, 0.0001 Bitbons will be automatically transferred from your Assetbox to the Assetbox to which you have initiated the connection. Therefore, the connection of your Assetbox to the mining pool will be completed.

The “Pickaxe” button will show that an Assetbox is connected to the mining pool.

We would also like to draw your attention to the following key points:

  • To connect any of your Assetboxes to the mining pool, the balance in the Assetbox being connected must be at least 0.0001 Bitbons during the entire preparation period. Otherwise, your Assetbox will not be included in the mining pool.
  • After the start of the preparation period of mining, the option of transferring Bitbons between Users’ Assetboxes will be temporarily unavailable for technical reasons. At the same time, Users will be able to use their Trading Accounts on the Bit Trade Exchange as usual.
  • If you do not initiate a connection of one of your Assetboxes to mining during the 1st stage of the preparation period, the mining pool will be created automatically without you. Therefore, if you are a participant in an affiliate program, all your partners will be automatically connected to an Assetbox, which is higher in the hierarchy.
  • If you have not connected to the initial mining pool, you can do it after the launch of Consensus building mining of the Bitbon System (starting from June 27, 2020), but your previous connections based on affiliate programs will be lost.
  • In addition, starting from June 27, 2020, Bitbon System Users will be able to connect other of their Assetboxes to any mining pools at their own discretion.

You can learn more on how Consensus building mining of the Bitbon System works by reading the following documents:

Principles of Building Mining Pools and Crediting Remuneration

Consensus Building Using the Community PoS Algorithm in the Blockchain Network of the Bitbon System.

The Company is convinced that the creation of social connections of the initial mining pool by the participants in affiliate programs of the Bit Trade Exchange is an important and confident step towards implementation of the 2nd stage of decentralization of the Bitbon System in accordance with the Roadmap.